Zaxby's

2880 Allison-Bonnett Memorial Drive, Hueytown, AL 35023

$3,000,000

Cap Rate 6.25%

Views: 49 DOM: 64 Updated: 09.18.24 Posted: 09.18.24 Status: Active

Summary

Price $3,000,000	Built/Renov 2009	Tenant Zaxby's
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,301	Lease Start 05-26-2022	#Units 19
Price/SF $908.82	Expiration 05-31-2042	Tenant Type Fast Casual/Rest.
NOI $187,500	R. Term 17.6	Ownership Fee Simple
Rent/SF $56.80	Increases 2.0%/4/yrs	Pop 5Mi 81,699
Lot/AC 0.91	Options 4/5yrs/2%	AHHI 5Mi $57,062

Lease Highlights

Zaxby’s has 17+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 2% annual rental increases beginning in June of 2028
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Credit to Chicken LLC (19 units backed)

Location Description

Zaxby's is strategically located on Allison Bonnett Memorial Drive, with access to 25,390 vehicles passing by daily. The property is adjacent to prominent national tenants such as ALDI, Walgreens, Burger King, McDonald's, Arby's, and more. Its prime location near Interstate 20 and close to downtown Birmingham enhances its accessibility. Additionally, the site is situated between the University...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Freeway close
Strong tenant synergy
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Zaxby's Wikipedia Zaxby's Wikipedia Hueytown, Alabama Zip Code 35023 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Zaxby's
Guarantor:Franchisee
Company:Credit to Chicken LLC
# Units:19
Stock:Private

About Tenant

Zaxby's is a privately held, American chain of fast-casual restaurants offering chicken wings, chicken fingers, sandwiches, salads, and nine signature sauces, including their famous “Zax”...

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Listing Broker

Armond Aivazyan

NNN Pro

Contact

4 Listings
245 Views
0 Sold

Brian Brockman

Bang Realty, Inc

Contact

29 Listings
2002 Views
1 Sold

Armond Aivazyan

Armond Aivazyan is a Senior Vice President with NNN Pro, one of the top-performing net-lease brokerage teams in the country. Armond joined NNN Pro in 2024 and specializes in net-lease property dispositions, acquisitions, 1031 exchange transactions, and sale-leasebacks, providing tailored property valuation and portfolio strategies to clients nationwide. With over a decade of experience, Armond has closed transactions with an aggregate value exceeding $500 million, with transaction sizes rang

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Brian Brockman

Brian is one of only a handful of real estate brokers who is licensed in all 50 states and the District of Columbia. Brian is also one of a few auctioneers licensed throughout the country and has sold real estate via online auctions across the United States. Now, Brian is using his national real estate experience to help facilitate transactions for other commercial real estate brokers across the county. Brian has over 15 years in asset management experience and has sold properties for investo

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